Nvidia freezone. This thing has gotten too much even for me. We have to focus on something else. It seems the market only has the ability to focus on one stock at a time. That is why the dow up four points, the nasdaq jumped. I am thrilled that we can actually look at other companies. Even those making computer chips, generate a very i. Even if nvidia but the gravity of yesterday so often when up again today i think it is headed much higher. I always tell you to own it, not trade it. I think we can afford to give some of the companies a little love without betraying the ai colossus i like so much. Fortunately we have some very exciting Companies Reporting next week. Ones that revolve around whether the consumer is fatigued, taking a break, trying to figure out what to do. On tuesday, the holiday shortened week which is terrible because i celebrate the holiday like everybody else. I will be planning. On tuesday, we find out if cava is worth its rep today. This seems to be bandied about
We will talk more about this. More than 2. 8 on the day. Crude on the rise significantly. 85. 92. Wti hitting the highest level since october on the news that israel is bracing from up possible attack from iran or proxies. Because of uncertainty you are seeing a bid on the two year yield, it is now at 427 4. 87 percent. Seven basis points of a move. The 10 year yield, a lot of dynamics. The u. S. Dollar on the rise in conjunction with yields. Gold, ever higher. Now roughly unchanged. But gold has been on the move outpacing any equity market this year. We are watching chipmakers after a report that china asked if Telecom Carriers to start phasing out foreign ships by 2027 and that would hit american chip giants like intel. Jp morgan did not raise its net income guidance. The benefit of higher Interest Rates could be winning. Citigroup profit topped analyst estimates. Consumers leaned in on credit cards. Another signed a prolonged Interest Rates will benefit big banks but it is a differe
Jpmorgan, citi, wells fargo, they all reported earnings. All appear to have been fairly strong. Were going to break down the quarters. Plus blackrock now managing nearly 10. 5 trillion in assets. Were joined exclusively by chairman and ceo larry fink. That will be later this hour. Were also watching the semis this morning. Qualcomm, intel, amd and nvidia all moving lower ahead of the open. China reportedly telling its Telecom Carriers to phase out foreign chips. I want to start with the banks and the downturn in the market as well. Earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. Mike, id love to just turn to you quickly, just get a sense on the market as well. Yeah. Its been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. Obviously, moved the nasdaq appreciably higher. What do we think is behind some of the weakness were seeing beyond these bank earnings, which, at the worst, are a mixed pictu
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